If consumer income increases by $100 million in the united states and the mpc is .6, by how much will consumption increase?

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Answer 1
The marginal propensity to consume (MPC) is a measure of the proportion of extra income that will be spent on consumption. If an individual receives an extra $100 and spends $60 on consumption then the person’s MPC is 0.60. If consumer income in the United States increases by $100 million and the MPC is 0.60 consumption in the US will increase by $60 million.

Related Questions

What is the approximate minimum time to achieve significant strength gains in a strength-training program?

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A strength training program requires a minimum of 8 consecutive weeks (of training) for significant strength gains to become evident. 

Strength training is a type of physical exercise focused on the use of resistance (weights) to increase (the size of) lean muscle tissue, build strength, decrease body fat and increase (anaerobic) endurance. It also provides other physical and psychological benefits as well. 

_____ planning done by top-level managers involves establishing a vision for the company, defining long-term objectives and priorities, determining broad action steps, and allocating resources.

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I believe it is Strategic planning.

What problem will result from even slightly higher global temperatures?

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The problems that may arise if there is a slight higher global temperature are the following;

-          Increasing of sea level due to the melting of ice caps

-          Presence of alteration in ecosystem in which is responsible of balancing the environment in the earth that we live in.

Mmortalized in the movie rain man, dustin hoffman's character performs mind-boggling feats of mathematical calculations, yet cannot perform the simplest of tasks such as determining how much change he would receive when buying a candy bar. this is known as _____ syndrome.

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This is Savant syndrome. The person has the ability to perform feats that few others can accomplish, but these tend to be relegated to a single area of expertise. Other tasks, many of which would almost be considered rudimentary, seem to elude the person's grasp.

_________ occurs when a formula directly or indirectly refers to itself.

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circular reference occurs when a formula directly or indirectly refers to itself (:

If someone told you that the nominal gdp increased by 4% in 2004 explain why you would need two additional pieces of information to conclude that the standard of living for the typical person also increased by 4%.

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Final answer:

While a 4% increase in nominal GDP suggests economic growth, two additional pieces of information, inflation and population growth, are vital to assess the impact on the standard of living. Real GDP growth, adjusted for inflation and per capita figures considering population growth, provides a clearer picture. Beyond quantitative measures, qualitative improvements in health, education, environment, and technology also contribute to the standard of living.

Explanation:

When analyzing the implications of a 4% increase in nominal GDP in 2004 for the standard of living, it is essential to consider two additional pieces of information: the rate of inflation and population growth. Nominal GDP does not account for inflation, which means that if the price level increased by, for instance, 2%, the real growth in economic output would only be 2% rather than the nominal 4%. Additionally, if the population grew by 2%, the per capita GDP growth might be negligible, indicating that the standard of living has not improved significantly.

Furthermore, GDP growth alone does not fully embody the overall standard of living. Factors like improved health, increased education, cleaner environment, and technological advancements, which significantly improve the quality of life, are not captured by the GDP measure. As such, these qualitative aspects may lead to a rise in the actual standard of living that surpasses the GDP increase, offering a more comprehensive view of economic welfare.

A _____ cost occurs when the amount used varies based on the volume of service provided.

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In Accounting there are four types of costs: direct, indirect, fixed, variable and operating costs.
Direct cost is the material, labor, expense, or distribution cost required to produce the product.
Fixed costs are cost of building a factory, insurance and legal bills.
opposite to fixed costs, a variable cost occurs when the amount used varies based on the volume of service provided.

The international illegal trade in wildlife brings in an average of ____.​

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These benefactors would earn around  $600,000 USD per hour. Many poachers often earn a lot from wildlife trade because of its rarity. Many endangered animals like the elephants and rhinos are often hunted because of their ivory tusk which cost around $1,500 USD per pound. The greater the number they get the higher the price they received.

When troy smith started the first top hat restaurant by himself, he was considered a ___________; when charlie pappy joined him later, the business became a _____________?

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The answer is sole proprietor; partnership
Sole proprietor is the type of business that only has one shareholder, and all the profit will go directly to him.
Partnership on the other hands, have more than one shareholder, and the profit will be divided according to the percentage owned by each shareholders.

Define optimal efficiency. how is optimal efficiency achieved in production?

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Optimal efficiency is when a process is working at its' best possible production rate, with task being assigned and scheduled seamlessly. In production this is most often achieved through the automation of the production facility itself, allowing for greater profitability.

Optimal efficiency in production involves producing goods at the lowest cost without waste. It is achieved through streamlined processes, advanced technology, trained employees, optimized supply chains, quality control, resource management, and continuous improvement.

Optimal efficiency in production refers to achieving the highest possible output with the lowest input of resources, thereby maximizing productivity and minimizing waste. It involves producing goods or services at the lowest cost and in the shortest time without compromising quality.

To achieve optimal efficiency in production, several strategies can be employed:

Streamlining Processes: Analyzing and redesigning workflows to eliminate unnecessary steps or bottlenecks can improve efficiency. This may involve adopting lean manufacturing principles or using process improvement methodologies like Six Sigma.Investing in Technology: Utilizing advanced machinery, automation, and digital tools can enhance productivity and reduce labor costs. Technology can also improve precision and consistency in production processes.Employee Training and Empowerment: Ensuring that employees are well-trained and empowered to make decisions can lead to better problem-solving and smoother operations. Engaged and motivated workers tend to be more productive.Supply Chain Optimization: Managing the supply chain efficiently, including sourcing materials, inventory management, and logistics, can reduce lead times and costs. Collaboration with suppliers and implementing just-in-time (JIT) inventory practices can be beneficial.Quality Control: Implementing robust quality control measures helps reduce defects and rework, thereby saving time and resources. High-quality products also result in fewer returns and customer complaints.Energy and Resource Management: Implementing sustainable practices can reduce energy consumption and waste generation, leading to cost savings and improved environmental stewardship.Continuous Improvement: Establishing a culture of continuous improvement encourages ongoing evaluation and refinement of processes. This can be facilitated through regular performance monitoring, feedback loops, and encouraging innovation.

By systematically addressing these factors and continuously refining operations, businesses can move closer to achieving optimal efficiency in production, resulting in competitive advantages such as lower costs, faster delivery times, and higher customer satisfaction.

Gordon rosel went to his bank to find out how long it will take for $1,200 to amount to $1,650 at 8% simple interest. calculate the number of years. (round time in years to the nearest tenth.) number of years

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The formula is
A=p (1+rt)
A future value 1650
P present value 1200
R interest rate 0.08
T time?
1650=1200 (1+0.08t)
Solve for t
Divide both sides by 1200
1650/1200=1+0.08t
Subtract 1 for both sides
(1650/1200)-1=0.08t
Divide both sides by 0.08
T=((1,650÷1,200)−1)÷0.08
T=4.69 years round your answer to get 5 years

Another way using the formula of simple interest
I=prt
I interest earned which can be found by subtracting the present value from the future value (A-p)=1650-1200=450.
P principle 1200
R interest rate 0.08
T time?
Solve the formula for t
T=I/pr
T=450÷(1200×0.08)
T=4.69 years round your answer to get 5 years

Hope it helps!

It will take [tex]5[/tex] years for principal  [tex]\$1,200[/tex] to amount [tex]\$1,650[/tex] at [tex]8\%[/tex] simple interest.

What is principal?

"Principal is the amount which is taken by an individual as a loan."

What is amount?

"Amount is the total money paid back at the end of the time period for which it was borrowed."

What is simple interest?

"Simple interest is the interest calculated on the principal amount."

Principal [tex]P=\$1,200[/tex]

Amount [tex]A=\$1,650[/tex]

Rate [tex]R=8\%[/tex]

Simple interest [tex]S.I=A-P[/tex]

[tex]=1650-1200\\=\$450[/tex]

Formula to be used

[tex]S.I=\frac{PRT}{100}[/tex]

[tex]450=\frac{(1200)(8)(T)}{100} \\T=\frac{(450)(100)}{(1200)(8)} \\T=4.6875\\T=5[/tex]

Hence, the number of years is [tex]5[/tex] years.

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Suppose you're pitching in a softball game and facing a good hitter. you remember that you struck her out with a fastball the last time she was up. you also remember that your coach told you to always try to be unpredictable, so you decide to throw a curve ball this time. in making this decision, you are primarily using your ________.

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When you make this decision, you are primarily using your critical thinking. You are using information you were given in the past and applying it to future events.

As part of a research study, dora is administered an intelligence test and obtains a particular score on this test. a few days later, she repeats the same test as a part of the same study and obtains the same score. this in turn leads dora to conclude that the intelligence test possesses adequate _____.

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results. The conclusion proves to be a reliable source of information considering that the intelligence test gave accurate answers both times. This is especially true if both attempts Dora gave a genuine attempt to do her best. The fact that there were two separate times when the test gave the same result makes it more reliable.

Choosing a differentiated targeting strategy has many​ benefits, but a potential downside is that​ __________.

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it requires a company or individual divide resources on multiple targets rather than one. Therefore, one must use these resources more efficiently because he or she is using the same amount, usually concentrated on one target, on multiple. A company should only use this strategy if it is extremely confident in its ability to market simultaneously to multiple groups.

The primary downside of a differentiated targeting strategy can be customer confusion due to conflicting regional messages, increased costs from lack of economies of scale, and amplified risk due to global market unpredictability.

Choosing a differentiated targeting strategy has certain drawbacks, despite its advantages such as the ability to adapt products and marketing to fit local needs. One significant downside is that it can create confusion among consumers, especially as customers increasingly adopt a global perspective. Conflicting messages across different regions due to the customization of product attributes or marketing campaigns can dilute a brand's message, leading to a weakened global brand image and reduced customer loyalty.Additionally, a differentiated targeting strategy can lead to higher costs due to the need for tailored products and marketing strategies for each targeted segment. This can place a significant burden on a company's resources and potentially limit its ability to achieve economies of scale.Finally, the risk of market unpredictability can also be amplified with a differentiated approach. If global market preferences shift or economic conditions change, specialized products may no longer meet consumer demand, creating a precarious situation for the company.

Quentin operates an ice cream franchise which has shops throughout the united states. coolcream co., the franchisor, supplies the ingredients and formula so that quentin can create the ice cream in his store and sell it fresh to customers. this relationship is known as a:

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I believe that this problem has the following choices:

 

chain style business operation.

joint development enterprise.

distributorship.

manufacturing or processing plant arrangement.

 

The correct answer is:

manufacturing or processing plant arrangement.

 

In a manufacturing style of relationship, there is a continuous in flow of raw materials which is supplied by Quentin’s supplier and outflow of products which is supplied by Quentin itself.

Senators may use the _______ to delay or even prevent the passage of a bill, however, they may vote to stop it with a _______ vote.

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The answer in the first space provided is that they can use the majority floor leader in which they debate on the bill that will contribute of having to delay or pass the bill. In the second space provided is the filibuster. This is a vote that the senators used to prevent of voting the bill.

Bob, a guest at a hotel, reached into the front seat of the hotel limousine to get his briefcase. he supported himself by placing his left hand on the center pillar to which the rear door was hinged. a hotel employee closed the rear door, smashing bob's hand. a part of bob's left index finger later had to be amputated. bob filed a negligence lawsuit against the hotel in a state that adopted a "pure" form of comparative negligence. in this case, the court most likely would find that:

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The court would find that the hotel would be at fault and they would have to pay a settlement to the guy with the amputated finger. The hotel employee should have been paying more attention and not shut the guys finger in the door.
Final answer:

In a state with "pure" comparative negligence, the court will likely apportion fault between Bob and the hotel, and Bob can recover damages reduced by his fault percentage.

Explanation:

Bob filed a negligence lawsuit against the hotel after his hand was smashed by a hotel employee closing the car door, leading to the amputation of part of his left index finger. In a state that has adopted a "pure" form of comparative negligence, the court is likely to apportion fault between Bob and the hotel based on their respective contributions to the incident. Under pure comparative negligence, even if Bob is found partially at fault, he can still recover damages, but the amount would be reduced by his percentage of fault. The court will consider factors such as the foreseeability of Bob's actions and whether the hotel employee had a duty to check the area before closing the door.

The main goal when setting insurance goals is to

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The main goal when setting insurance goals is having to come up with the problems by asking important questions in means of having to create an insurance goal. One example that is needed to be asked when creating an insurance goal is by having t ask what is needed to be insure.

Final answer:

The main goal when setting insurance goals is to ensure that the average person's payment into insurance over time covers the average person's claims, the costs of running the company, and leaves room for the firm's profits.

Explanation:

The main goal when setting insurance goals is to ensure that the average person's payment into insurance over time covers the average person's claims, the costs of running the company, and leaves room for the firm's profits.

For example, a life insurance company's primary purpose is to provide financial protection for survivors of the insured. After insurance policies have been paid out, the company may have a great deal of cash on hand, which can be lent to others or used for policy loans.

Ultimately, the goal of insurance companies is to balance their income from premiums and investments with their expenses and the need for profitability.

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How do the owners of a partnership relate to the​ business?
a. the owners and the business are not separate legal entities.
b. the assets of the owners are considered separate from the asset of the business.
c. the owners and the business are separate legal entities.
d. none of these describe the legal relationship of the owners to the business?

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The correct option is A.
A partnership business is a type of business that is formed by two or more people. The maximum number of people that can form a partnership is not restricted in some countries while it is restricted in some other countries. For instance, the maximum number of people that can form a partnership in Nigeria is 20. In a partnership business, the owners and the business are considered to be one and the same, this means that, if the business runs into financial problem, the owners may end up losing everything that they have including private properties.

Outpatient care accounts for what percent of gross patient revenue for all us hospitals? 1. 10% 2. 20% 3. 40% 4. 60%\

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Answer: 3. 40%

Outpatient care accounts for 40% of gross patient revenue for all US hospitals. Outpatient primary care services include Physician office and Hospital emergency services. Two primary care services are Inpatient Care Services and Outpatient Care Services.

Outpatient care services are those services including medical tests and procedures that can be done in any medical center without staying overnight in that center or hospital.

The pharmacist needs to measure out 35 grams of a 70% powder using the 50% and 90% powders he has in stock. how much of each powder is required?

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The pharmacist needs to measure out 17.5 grams of the 50% powder and 17.5 grams of the 90% powder and should end up with 35 grams of the 70% powder thus making for an easy method of calculation for mixing the two powders.

let us say that:

x = mass of 50% powder

y = mass of 90% powder

 

eqtn 1 overall mass balance: x + y = 35

eqtn 2 poweder balance: 0.50 x + 0.90 y = 0.70 * 35 => 0.50 x + 0.90 y = 24.5

 

Combining equations 1 and 2:

0.50 (35 – y) + 0.90 y = 24.5

17.5 – 0.50 y + 0.90 y = 24.5

0.40 y = 7

y = 17.5 grams

 

x = 35 – y = 35 – 17.5 = 17.5 grams

 

So equal amounts of 17.5 grams each are needed.

If the supply of loanable funds decreases and the demand for loanable funds increases at the same time, interest rates will:

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If the supply of loanable funds decreases and the demand for it increases at the same time, interest rates will increase. Interest rate is inversely proportional to the supply of money.  Smaller money supplies raise market interest rates. A larger money supply lowers market interest rates.

Practice question 05 when is a receivable recorded by a service organization? when the related expenses are incurred when service is provided on account when the customer pays when the bill is sent to the customer

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Receivables is an asset title relevant to all arrears, unsettled dealings or other financial responsibilities payable to a company by its borrowers or clienteles. When service is provided or delivered on account a receivable is recorded and noted when the service is executed, not at some other particular date. 
Final answer:

A receivable is recorded by a service organization when the service is provided on account. This follows the accrual basis of accounting, which records revenues and receivables when they are earned, not when the cash is received.

Explanation:

In accounting, a service organization records a receivable when the service is provided on account, not when the related expenses are incurred, the customer pays, or the bill is sent to the customer. This is a common practice that follows the accrual basis of accounting, which records revenues and associated receivables when they are earned, not when the cash is received. For instance, a consulting firm would record a receivable when they have completed the consulting work agreed upon (service provided) but before they have received payment from the client.

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Andrea is a famous rodeo competitor. she contracts with wild ride horse sales to purchase five pedigreed horses, which are designated by their registration numbers. in this contract, identification:

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Final answer:

The question deals with the identification of goods in a sales contract by using specific registration numbers, a key element in contract law central to the transfer of risk and title.

Explanation:

The subject of the question involves the concept of identification in the context of a contract for the purchase of goods. Andrea, being a buyer and a famous rodeo competitor, specifies horses by their registration numbers in her contract with Wild Ride Horse Sales. The mention of these unique identifiers suggests that this is a sale by description, an essential component in business and contract law. Once the seller designates the horses by registration numbers, they are considered to be identified to the contract, which allows further actions such as the passing of risk and possibly title to occur under the specific terms of the contract.

The practice of lobbying is protected by

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Lobbying campaign occurs when an interest group mobilizes its members and their families throughout the country to write their representatives in support of the group's position.The practice of lobbying is protected by the first amendment. The first amendment guarantees all of us the right to lobby.
Final answer:

The practice of lobbying is protected by the First Amendment, but is regulated by a number of federal laws including the 'Lobbying Disclosure Act' and 'Honest Leadership and Open Government Act'. State laws also regulate lobbying. Despite this protection, violations come with penalties like fines or prison sentences.

Explanation:

The practice of lobbying, an essential part of the U.S. political process, is protected by the First Amendment of the U.S. Constitution which guarantees the right to 'petition the government for redress of grievances'. This protection enables individuals or groups to influence decisions within governmental institutions. Regardless of these constitutional protections, laws and regulations are in place to define and govern the practice of lobbying, such as the 'Lobbying Disclosure Act' of 1995 and 'Honest Leadership and Open Government Act' of 2007. These acts require lobbyists to register with the federal government and regulate actions such as gift giving to lawmakers and the 'cooling-off' period for government officials leaving office.

Each State may also have its own regulations for lobbying, and there are penalties in place for violating these laws, such as fines, prohibitions on lobbying, or prison sentences. The lobbying practice is increasingly professional and comprehensive, with lobbyists representing a wide range of interest groups, and even foreign entities, subject to the same registration requirements.

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Francine is interested in starting a new financial services company where she will manage the investments of others. she wants to generate her own funding as well as lead the business once it gets started. francine will assume all risks and rewards of the new enterprise. francine would be considered an entrepreneur because she is:

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According to the feasibility analysis framework, an entrepreneur who has a vision of a multi-unit company will be satisfied with an attractive niche if it would serve as a point of entry for long-term potential.

On september 1, knack company signed a $50,000, 90-day, 5% note payable with central savings bank. what is the journal entry that should be recorded by knack upon maturity of the note? (use 360 days a year.)

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The Journal entry upon the 90 days (1/4 using 360 days a year) maturity at 5% rate should be $50,000 plus the Interest (I). Let Journal Entry upon Maturity be J Where J = Initial Signed Note + Initial Signed Note * Rate * Time Which is also written as J = Initial signed Note (1 + Rate * Time) Therefore J = 50,000 (1+5/100*1/4) = 50,625

______________ and _________________ wanted germany to pay for the entire financial cost of the war.

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France and Belgium wanted Germany to pay for the entire financial cost of the war
The "War guilt clause" placed sole responsibility for the war on Germany and said that they must pay back the allies for the war expenses. It was a statement that Germany was responsible for beginning World War I.

Savings accounts enable you to earn interest for money you place, or deposit, in the bank.
True or False?

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The answer would be TRUE because its in the name: savings so the purpose is to add money in that account to save up for like a child adding money to a piggy bank, u can still earn money to add to the account and keep it for interest.

How many ways can an irs auditor select 6 of 13 tax returns for an audit?

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Final answer:

There are 1716 ways for an IRS auditor to select 6 of 13 tax returns for an audit.

Explanation:

The question asks how many ways an IRS auditor can select 6 of 13 tax returns for an audit. This is a combination problem since the order does not matter. To solve this, we can use the combination formula:

C(n, r) = n! / (r! * (n-r)!)

where n is the total number of items and r is the number of items to be selected. Plugging in the values, we get:

C(13, 6) = 13! / (6! * (13-6)!) = 13! / (6! * 7!) = 1716

Therefore, there are 1716 ways for an IRS auditor to select 6 of 13 tax returns for an audit.

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